Commentators speak of numerous broad housing indicators and indexes tracking property values across the nation. However, Real Estate, unlike Stocks and Bonds, are not fungible. Properties are non-homogenous and are affected by both broad economic macro and local micro factors. Due to market inefficiencies, the usefulness of data derived from these broad indicators is limited.
Constant [...]
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Joshua Dorkin
Charles Feldman
Ted Karsch.
Do Valuations Continue to Slide for Years? What’s The Answer?
by Tom Koziol | May 30, 2008